Shareholders also demand the output of Bobby Kotick
The situation at Activision Blizzard continues to get worse. After yesterday, accusations against Bobby Kick, CEO of this company, a few moments ago, several groups of investors have issued a document, where it is noted that Kick must resign.
After making a report by the Wall Street Journal, where it was mentioned that Kick knew about the scandals of harassment and inappropriate behavior prior to the demand against the company, employees of the company pointed out that the CEO should renounce The position of it. Now, This posture is supported by a group of shareholders, led by SOC Investment Group, organization of trade union pensions. This was what was mentioned:
Unlike the previous statements of the company, the Executive Director Bobby Kick was aware of many incidents of sexual harassment, sexual assault and gender discrimination in Activision Blizzard, but did not make sure that the executives and managers were dismissed nor did he recognize the systematic nature of the hostile culture of the workplace.
On the other hand, This was what Dieter Waizenegger commented, Executive Director of SOC, in an interview with The Washington Post:
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After the new revelations, it is clear that the current leadership failed repeatedly in maintaining a safe workplace, a basic function of their work. Activision Blizzard needs a new CEO, President of the Board and Independent Director for Leader with Experience, with the Skills Set and conviction to truly change the culture of the company. We really need to have a reset button.
Next to the exit of Kick, This new request also points out that Brian Kelly and Robert Morgan, two members of the Board of Directors, must abandon their positions for December 31. The document issued was also signed by other investment groups, several of which focus on supporting women in various industries.
While the Board of Activision Blizzard noted that Bobby Kick can still take the company forward, the shareholders and workers believe the opposite. We only have to wait for the movement of the CEO after these statements.
Editor s note:
While the output of Bobby Kick is still something difficult, the support of the shareholders gives great weight to the demands of the employees. A union between these groups is something strange, so when this happens, it means that something is wrong. Hopefully the exit of the CEO be another step to reform internally to this company.